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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (59195)	8/2/2002 3:17:37 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

The only problem with that... NAS p/e in 2000 was a lot higher than DOW p/e in 1929, and Dow and spoos p/e or price/dividends in 2000 was a lot higher than Dow p/e or price/dividends in 1929. What should we take as a historical measure, internet stocks vs nikkei, NASDAQ vs Nikkei, or Dow vs nikkei? More shoes to drop over years, I think. Then again, the major shoe is the dollar. The tricky part is that it's the Japanese that hold Trillions of US treasuries, and not the US that holds Trillions of Japanese government bonds. So it will be the Japanese who run from US treasuries into the "safety" of Yen, and not US investors doing the opposite (they may have done that 10 years ago :) ). So I think, too, that Nikkei may be closer to the bottom than the Dow.